Corporate Actions

Investment Education PLC

Dates:

Starts on 13-06-2012 other dates

Duration:

2 Days

Place:

Dublin, Guernsey,... see more

Price:

£980 + VAT

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Course details ↑ back

Type

Course Duration 2 Days

Method / place

Contact course provider Classes in Dublin, Guernsey,... where

Suitability

Investment, Broking, Banking, Settlement, Custodian and Accounting Managers and staff. Front, Mid and Back Office staff will all benefit.

Course objectives

To provide a detailed understanding of Corporate Actions, what they are, where they originate and why they happen. Critical factors and the alternative choices for the investor as well as relevant calculations and the time scales involved are included. The course covers a wide variety of Corporate Actions with relevant examples and differences in practice taken from many different markets.

Requirements

No specific prior knowledge is assumed but delegates should have at least 3 months experience in the area. Delegates are assumed to have a basic awareness of equity and bond markets in general. Delegates should bring an ordinary pocket calculator with them to assist in the many exercises included.

Price

£980 + VAT

Price details

Enquire about this special offer here

Course programme ↑ back

Corporate Actions

Corporate Actions

Content

Background to Corporate Actions. Types, Actions and Critical Factors
Debt v Equity. Implications.
Outline of specialist instruments eg Preference shares, ADRs and international variations.
Life Cycle of a Corporate Action
Swift Corporate Actions Messages
Bearer, Registered shares, Book entry securities. Dematerialisation and consequences
Bonus or Scrip issues, Splits. Pricing calculations
Reverse Splits and Consolidations. Calculations
Demergers and Spin Offs
Capital Raising or Rights issues. Pricing. Calculations of alternatives.
Takeovers and Mergers. Why they occur. Process. Alternatives and selecting among them
Bond Corporate Actions: Early Maturity. Partial Call. Bond Puts. Rating change.
Dividend and Interest payment dates: Cum, Ex, Record, Payment
Stock Dividends. DRIPs and Dividend Scrip Alternatives. Timing and Dates. Calculations
Capital reduction methods: Buy Back, Tender, Return of Capital etc.
Convertibles and Warrants. Why used
Exchangeable bonds. Reverse Convertibles
Pricing calculations for conversion or exercise
Annual General Meeting. Voting rights and Proxies
Class actions (USA)
Section 793 notice (UK), previously Section 212

Venues and dates ↑ back

When	Start: 13-06-2012 Finish: 14-06-2012

Where	Dublin .... see map
When	Start: 11-07-2012 Finish: 12-07-2012

When	Start: 17-10-2012 Finish: 18-10-2012